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they it don't know e if they, house members, are going to meet to vote on the fiscal cliff deal. they have yet to decide to meet. however, what they will meet about at least the house caucus at under a 12:00 and 1:00 respectively, they will get together to discuss the potential of getting together for a vote. i'll keep you update on what comes out of that. dana bash is following it for us as well. e she will report to us if they make a decision. >>> other news, though, since the news broke about secretary of state hillary clinton and the blood clot that was discovered in her head, reporters have been scrambling to find out just how dangerous the rare disorder that she has is. i wanted to show you what was in the papers today. it's a picture of chelsea. not sure if a picture says a thousand words, but her family certa certainly rushed to the hospital where she's being treated. that picture really caught that image of what appears to be a distraught chelsea clinton. she was leaving the hospital after the visit with her mom. she tweeted out a message thanking people for their suppor
they it don't know e if they, house members, are going to meet to vote on the fiscal cliff deal. they have yet to decide to meet. however, what they will meet about at least the house caucus at under a 12:00 and 1:00 respectively, they will get together to discuss the potential of getting together for a vote. i'll keep you update on what comes out of that. dana bash is following it for us as well. e she will report to us if they make a decision. >>> other news, though, since the news...
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president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the weakness this holiday season, how much of the blame do you put on ret
president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get...
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word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right now. we're going to get the vice president right now. mr. vice president, do you have a deal? >> happy new year. >> mr. vice president, we're live on cnn. do you have a deal? >> happy new year. >> senator reid, how do you feel? got to love live tv. there you go. >> we do love live tv. dana bash doing an excellent job on capitol hill. the vice president smiling broadly, just saying happy new year. here's what we know so far. the house minority leader nancy pelosi, the senate majority leader, harry reid, they have spoken to the president, they have signe
word of a possible deal to avoid that fiscal cliff. the vice president of the united states, joe biden, he is now inside a room, closed door room, meeting with senate democrats. he's trying to sell the plan. it was just a few moment ago we saw him walk by our own dana bash up on capitol hill, with a lot of other reporters going into the room with the senate majority leader harry reid. watch the tape. >> can you flip around. can you flip around? we're going to get the vice president right...
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>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and especially now in the 11th hour or less than 30 hours away from the deadline. so we will see that, and we hope that they are going to put an amt patch in to protect the middle-class in from playing the wealth year for tax year 2012 yet, and we are totally running out of time on that one, and we have a bunch of tax extenders for businesses and individuals and they have expired and will they extend those? and the payroll tax will certainly expire and nobody is talking about that. the first pay xhek in jcheck in will be smaller regardless because of that. >> and you are so good at giv
>> which one a tax reform deal or the fiscal cliff deal? >> no, the fiscal cliff deal, and what might they be arriving at in the next day or so? >> well, here is what we are hearing. i will believe none of it until i see it. >> right. >> the rates will go up for high income people, and we don't know how high income, president obama wants $250,000 as the threshold, but republicans are pushing for more than $400,000, but it is splitting hairs at a certain point and...
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stocks fell on those disappointing retail numbers, and more worries about getting a fiscal cliff deal in time. we'll have more on that in a moment. the dow fell almost 25 points, the nasdaq lost 22, and the s&p off six points. but more good news about housing today: home prices posted their best year-over-year growth since 2010. the closely watched s&p case- schiller index rose 4.3%, in october, beating expectations. looking at month over month performance, the 20 city index fell 0.1% from september to october. still, s&p is optimistic about housing activity in the new year. >> 2013 should be a good year for housing, we're going into the year with a whole lot of momentum, we've seen very strong housing starts, very strong construction in 2012 but even with that strength construction is still way below where it should be and we have a lot of lost ground to make up. >> susie: david blitzer also expects home prices to continue to improve through the end of next year, and he believes that rebound in prices will help the u.s. economic recovery. still ahead, the outlook for stocks in 2013,
stocks fell on those disappointing retail numbers, and more worries about getting a fiscal cliff deal in time. we'll have more on that in a moment. the dow fell almost 25 points, the nasdaq lost 22, and the s&p off six points. but more good news about housing today: home prices posted their best year-over-year growth since 2010. the closely watched s&p case- schiller index rose 4.3%, in october, beating expectations. looking at month over month performance, the 20 city index fell 0.1%...
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deal or no deal, rolling doesn't fiscal cliff. this is the gridlock in washington. this is your taxes. this is your family. this is your future. visit ireport.cnn.com. share your messages. we'll put it on the air. let us know what you think about all of this. what? [ male announcer ] alka-seltzer plus severe cold and flu fights your worst flu symptoms, plus that cough. [ sighs ] thanks!... [ male announcer ] you're welcome. >>> deal or no deal. we asked you to weigh in on the fiscal cliff debate. here what happens some of you had to say. listen in in my new year's message to washington, this entire fiscal cliff problem isn't just an isolated incident. it's representative of how partisanship and polarization have taken over congress. i'm 18. i used to be excited for the future. but i don't want to live in a country that doesn't have a successful working legislator. congress, it's time for you to remember what your purpose really is, get back to doing your job. >> resolution for washington is to get out of the middle east, learn to live on a budget like every other am
deal or no deal, rolling doesn't fiscal cliff. this is the gridlock in washington. this is your taxes. this is your family. this is your future. visit ireport.cnn.com. share your messages. we'll put it on the air. let us know what you think about all of this. what? [ male announcer ] alka-seltzer plus severe cold and flu fights your worst flu symptoms, plus that cough. [ sighs ] thanks!... [ male announcer ] you're welcome. >>> deal or no deal. we asked you to weigh in on the fiscal...
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we're going to do this in steps meaning a fiscal cliff deal. the question for the market at this point is how much of a deal will come out of this, will it be a partial going over the cliff, or will it be -- will it be one of the band-aid measures that wall street wasn't hoping for. with one of these sort of half deals or partial deals, what wall street winds up getting is more question marks. not really some -- solid rules of the road that continue getting this uncertainty about where taxes may be. so, you know, we are seeing the dow up right now 47 points. but the dow is off its highs of the session, simply because it doesn't look like it is going to be a full deal as far as investors feel that they think it is going to be more of a band aid measure. >> like a series of mood swings and the american public wants to know where they stand. that's pretty much the bottom line. let me ask, the form bill, another big concern, top congressional leaders say they have reached a deal. but yet to vote on an extension. if congress fails to act, well, an i
we're going to do this in steps meaning a fiscal cliff deal. the question for the market at this point is how much of a deal will come out of this, will it be a partial going over the cliff, or will it be -- will it be one of the band-aid measures that wall street wasn't hoping for. with one of these sort of half deals or partial deals, what wall street winds up getting is more question marks. not really some -- solid rules of the road that continue getting this uncertainty about where taxes...
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the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious health scare for the secretary of state, hillary clinton. she's now hospitalized with a blood clot. doctors are revealing where it is. we want to welcome our viewers in the united states and around the world. >>> we'll get to the fiscal cliff negotiations. there's movement right now, but first, startling new information we're learning about the blood clot that landed secretary of state hillary clinton in the hospital this new year's eve. her doctor is now revealing it's located in her head between her brain and her skull. let's go straight to our chief medical correspondent, dr. sanjay gupta for the latest.
the united states of america is getting ready to go over the fiscal cliff even though it's got a deal maybe close in hand. i'm wolf blitzer. i'm reporting in washington. >> lawmakers and vice president biden struggling all day on a deal, but no final vote. at least so far. we'll get the latest from the hill and show what this means for you and your taxes starting tomorrow. >> ali is going to be with us for the next hour or two or three. who knows. we're also watching a very serious...
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we appreciate it. >>> there's no deal on the fiscal cliff. that we know. and many americans are not happy about it we'll hear your take on it. meanwhile, new york city is preparing for the new year's eve celebration. anderson and kathy griffin want you to get ready for our special coverage tomorrow night. we'll hear from them both. cut take a look at what joseph siegel says. >> my new year's message to washington is to secure the blessings of liberty to ourselves and posterity. invest in our children, in our schools and in our communities. raise taxes on the rich, and eliminate corporate loopholes. and do not cut social security or medicare. thank you and happy new year. >>> now, our reporters is one way we're communicating with you, facebook, a big discussion going on my facebook page. let me show awe few quotes. the first one, let the bush tax cuts expire. go back to the clinton era tax rate and watch republicans squirm. that's what benjamin bog is saying. the next one says, we need to cut entitlements and spending. and get people off government reliance
we appreciate it. >>> there's no deal on the fiscal cliff. that we know. and many americans are not happy about it we'll hear your take on it. meanwhile, new york city is preparing for the new year's eve celebration. anderson and kathy griffin want you to get ready for our special coverage tomorrow night. we'll hear from them both. cut take a look at what joseph siegel says. >> my new year's message to washington is to secure the blessings of liberty to ourselves and posterity....
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cliff deal. but a former assistant secretary of defense says he can help with a way to cut almost $100 billion from the defense budget. he will be here to explain. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. >>> this whole fiscal cliff mess shows how incredibly out of touch your the way people really live in this country. you are off in la la land and everyone is saying how you're acting like a bunch of spoiled brats who are more interested in being right than in doing the right thing and actually representing the people who elected you. >> my new year's message to wash
cliff deal. but a former assistant secretary of defense says he can help with a way to cut almost $100 billion from the defense budget. he will be here to explain. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power...
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cliff deal. the meeting began about an hour ago in what could be the final face-to-face meeting between the president and lawmakers of both parties before monday's midnight deadline. the house is scheduled to reconvene on sunday evening to do what we don't exactly know. so joining us live from the white house is nbc's kristin welker. kristin, welcome. >> reporter: thanks, karen. good afternoon. >> so what are we hearing about this meeting? i know it's still going on. any news? >> reporter: well, we do know this, a source familiar with these talks says that president obama is not going to be offering anything new during this afternoon's meeting. he's essentially going to be saying what he said at the white house last friday when he called on congress to put forth a package that would extend bush era tax cuts for those making $250,000 or less, extend unemployment insurance benefits, as well as stave off some of those deep spending cuts that are set to go into effect. the president is going to make
cliff deal. the meeting began about an hour ago in what could be the final face-to-face meeting between the president and lawmakers of both parties before monday's midnight deadline. the house is scheduled to reconvene on sunday evening to do what we don't exactly know. so joining us live from the white house is nbc's kristin welker. kristin, welcome. >> reporter: thanks, karen. good afternoon. >> so what are we hearing about this meeting? i know it's still going on. any news?...
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that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are saying we've seen how difficult it is to do these deals. look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the politicians on notice tha
that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are...
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crucial vote in the senate on a deal to avoid going over the fiscal cliff. cnn has learned that a vote will likely happen tonight before midnight. the house will not vote, however, until tomorrow. here's what we know about the deal on the table right now. it includes an increase in tax rates for families making over $450,000 a year. individuals making over $400,000 a year. it will extend the unemployment benefits that ended on december 29th and it will include an increase in the estate deal -- in the estate tax. is this deal better than no deal? joining me now is the former director of the congressional budget office, and former labor secretary robert reich, author of "beyond outrage, what has gone wrong with our economy and our democracy and how to fix it" among many other books. thank you for joining us. >> certainly. >> bob, i want to ask you because i heard you talking to wolf and i was amazed. you were in a conversation with wolf, with grover norquist. grover norquist said he would probably support this deal, giving cover to rop republicans who said the
crucial vote in the senate on a deal to avoid going over the fiscal cliff. cnn has learned that a vote will likely happen tonight before midnight. the house will not vote, however, until tomorrow. here's what we know about the deal on the table right now. it includes an increase in tax rates for families making over $450,000 a year. individuals making over $400,000 a year. it will extend the unemployment benefits that ended on december 29th and it will include an increase in the estate deal --...
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cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other people, the fiscal cliff might as well be a financial guillotine. though ilea thomas searches, she's been out of work for two years picking up any odd jobs as much as she can. >> it's been discouraging. i come in here three times a week and maybe i'll go to a friend's house and use their internet to look for work. >> reporter: long term unemployment benefits have been a life send. >> i can breathe a little while i'm looking for work. even though it's not the same amount that i was getting when i was working. >> but thomas is one of 400, 400,000 californians who will not be able to get medicare payments tomorrow.
cliff to deal with with fiscal cliff. >> reporter: lawmakers are talking about how to retroactively avoid going off the fiscal cliff on a new congress. >>> the fiscal cliff debate is impacting people here in the bay area who's lives could dramatically change as soon as tomorrow. tom vacar is live at a highway work site in oakland and has the story of one woman and her looming fear. tom-- >> reporter: the people who work here are well paid and they're onvacaon. but for other...
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it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today,
it is like, my god, the fiscal cliff, the fiscal cliff. we'll deal with it in two months. jessica yellin, so much more to talk to you about. we'll check in later, but thanks so much. >>> as we wait for republicans and democrats to come to the microphones, one democrat just left the meeting, he's going to be joining us next. sten to thesy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i...
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the fiscal cliff in just five days and still no deal. the winter storm that slammed the south is now stranding thousands of travelers in the northeast and beyond. that is coming up. >>> and the russian president vladimir putin says he will sign a bill banning americans from adopting russian children. that's all ahead unless breaking news changes everything on "studio b." i'm trace gallagher in for shepard smith. first from fox at 3:00, back to work in washington, d.c. with less than five days to go before falls right off the fiscal cliff. the senate back in session today and it's the first time the senate or house has met for business between christmas and new year's in more than four decades. president obama cut his hawaii trip short arriving in washington early today. for now, the house of representatives is not in session but we've learned those lawmakers are set to return this weekend. today the senate majority leader, harry reid, says we've just about run out of time. >> if we go over the cliff, and that's where we're headed, mr. pr
the fiscal cliff in just five days and still no deal. the winter storm that slammed the south is now stranding thousands of travelers in the northeast and beyond. that is coming up. >>> and the russian president vladimir putin says he will sign a bill banning americans from adopting russian children. that's all ahead unless breaking news changes everything on "studio b." i'm trace gallagher in for shepard smith. first from fox at 3:00, back to work in washington, d.c. with...
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right now, congress scrambling to reach a deal on the fiscal cliff before tuesday's deadline president the senate and house are convening while senate negotiators work at a plan to prevent massive spending cuts and tax hikes from kicking in january 1st. president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors making students pay a higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. >> in news overseas the bodies of the dead are being carried away in syria today. at least 397 people were killed saturday. that is the deadliest day so far in the 21-month long civil war. another 52 died today. the joint u.n. arab league envoy said the situation is rapidly deteriorating but that a solution is still possible. >>> in massachusetts boston's mayor lifted a snow emergency a little earlier today. more than a foot of snow fell on several towns across that state ov
right now, congress scrambling to reach a deal on the fiscal cliff before tuesday's deadline president the senate and house are convening while senate negotiators work at a plan to prevent massive spending cuts and tax hikes from kicking in january 1st. president obama appeared today on nbc's "meet the press" and said the cuts in spending need to be fairly distributed. >> what i'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of...
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there has been a major snag in the negotiations toward a fiscal cliff deal with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to many americans, it would effectively make social security checks lower each month. >> we learned this from sources earlier. the senate majority leader, harry reid went to the senate floor and talked about the snag. list ton what he said. >> the one thing i do want to mention is that we're not going to have any social security cuts at this stage, that doesn't seem appropriate. we're open to just discussion about entitlement reforms, but we're going to have to take it in a different direction, the present status will not work. we're willing to make concessions as part of a balanced comprehensive agreement. but
there has been a major snag in the negotiations toward a fiscal cliff deal with fewer than two days remaining on the countdown clock, dana bash is on capitol hill. tell us what the main point of contention is now. >> there are few according to sources in both parties. the biggest one when it comes to the democrats, from their point of view, is the fact that republicans in an offer that they made last night included what is known as chained cpi in laymen's terms and in terms that matter to...
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still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than fo
still ahead what is preventing lawmakers from reaching a deal on the fiscal cliff? can a deal get done at this point? congressman peter welch will join us with insight at 11 a.m. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and...
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you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds that have ended in deals in the last couple years, but in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and republicans have persuaded themselves not completely convincingly in my view, but they have persuaded themselves it's much better to accept slightly higher taxes that they themselves don't have to vote for directly, even though they'll still be casting a vote for new tax rates, they'll be able to say, well, taxes have already gone up and we're just voting to cut them. so that's sort of how, at least, i think both sides are persuading themselves to sort of tip-toe off the cliff. >> and charles, i know you think republicans have more to lose here, but does either side get a boost from this? >> i don't t
you think both sides have decided it's in their political interest to go over the fiscal cliff. is that right? >> yeah, you never want to rule a deal off the table because we have lived through so many rounds that have ended in deals in the last couple years, but in this case, i think democrats think they get a better deal on policy by going over the cliff. that they end up getting more in taxes with less in spending cuts than they would get if they had to cut a deal right now. and...
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. >> but, first, don't go looking up the chimney for a deal on the fiscal cliff. there are just eight days, that's it, until the deadline to reach a deal, and there was little progress as lawmakers left town for the holiday. before the president took off for his hawaiian vacation with his family on friday, he pressured kfshs to pass a smaller deal, to delay those automatic spending cuts and to extend tax cuts for all except for the wealthiest of americans. now, while senators on both sides of the aisle, they spoke in support of at least a smaller deal on sunday. joe lieberman seemed to have less hope. >> it's the first time that i feel that it's more likely that we will go over the cliff than not, and that if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the impact it will have on almost every american. >> kristen welker is nbc's white house correspondent, also traveling with the president in honolulu. kristen, explain to all of us because it appea
. >> but, first, don't go looking up the chimney for a deal on the fiscal cliff. there are just eight days, that's it, until the deadline to reach a deal, and there was little progress as lawmakers left town for the holiday. before the president took off for his hawaiian vacation with his family on friday, he pressured kfshs to pass a smaller deal, to delay those automatic spending cuts and to extend tax cuts for all except for the wealthiest of americans. now, while senators on both...
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cliff deal today. the world is watching, too. it's because the big tax hikes and spending cuts here could have a chilling effect on the global economy. we want to bring in richard quest from london. richard, we know that folks are watching this. perhaps not the minutia how we're following it in washington and the negotiations process from hour to hour and minute to minute it seems. certainly in the final stages of it this whether or not this is actually going to happen. why does it make such a big difference? >> reporter: it makes a huge difference because the rest of the globe, particularly say for example the european union and the euro zone is barely growing. it's stagnant and was in recession in '12. it could be in recession in '13. if you lop off any growth from the u.s. economy, that will have a ripple affect across the althouthe atlantic. you will feel the ripples go across the pacific to asia and japan and china and to all those countries and across the atlantic to europe. i was talking a few m
cliff deal today. the world is watching, too. it's because the big tax hikes and spending cuts here could have a chilling effect on the global economy. we want to bring in richard quest from london. richard, we know that folks are watching this. perhaps not the minutia how we're following it in washington and the negotiations process from hour to hour and minute to minute it seems. certainly in the final stages of it this whether or not this is actually going to happen. why does it make such a...
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no fiscal cliff dealing in sight. now we are talking about hitting the debt ceiling on december 31. what are the top trades for 2013? cnbc contributor michael farr. good to see you. great to have you here. >> thanks, michelle. wonderful to be with you. >> have you heard about what timothy geithner said tonight? >> you are way better looking than kudlow. i know you heard that. this is a much better screen to look at from our glide flattery will get you everywhere. did you hear secretary geithner sent out a note saying that -- letter, official letter saying we are going to hit the debt ceiling monday. lee business days notice. >> perfect. >> what will that do to the markets tomorrow? >> you and i talked about this is a couple of years ago when we hit hit it in july and i was dead wrong. i was entirely dead wrong. i thought congress would make sure we wouldn't lose our aaa debt rate. >> and we did. >> and -- yeah. i figured certainly logically that yields would go up on bonds. and that the stock market would fall and just the opposite happening. what happen this time to the markets sti
no fiscal cliff dealing in sight. now we are talking about hitting the debt ceiling on december 31. what are the top trades for 2013? cnbc contributor michael farr. good to see you. great to have you here. >> thanks, michelle. wonderful to be with you. >> have you heard about what timothy geithner said tonight? >> you are way better looking than kudlow. i know you heard that. this is a much better screen to look at from our glide flattery will get you everywhere. did you hear...
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cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put together this deal, bring it to the senate tomorrow. then, the house comes back in session tomorrow night. they can vote on any deal passed by the senate. but bianna, no one is holding their breath here in washington. >> no one is, indeed. >>> for more on the big white house meeting, we want to bring in john avlon, political columnist at "the daily beast." a busy man covering all of this. how do you see this playing out? >> we're three days out. nothing focuses than the prospect of being hanged. today, bianna, is the key day. saturday, today, the senators are mee
cliff to deal with this fiscal cliff. how irresponsible is that? >> reporter: and does washington still, the stock market burns. dropping for a sixth-straight day under this uncertainty. americans are burning up, too. >> this is america. they should be working for the american people. >> can't believe we got this close. >> get in a room and don't come out of the room until you've got this thing taken care of. >> reporter: what the senate leaders hope to do is put...
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cliff deal done. rich edson has the latest. rich: they are considering legislation here in the senate today. president obama says he called to talk to congressional leaders, democrats and republicans, last evening. there is no progress here to report. president obama put it all on the house. >> they are operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority to get what they want. if the 250 would be brought up, it would pass overwhelmingly speaking that 250 he is discussing that would keep tax rates where they are for income amount for less than $250,000 increased those earning more. house speaker says senator reed should talk less and legislate more. senate democrats have not. they want to extend all the current tax rates and avoid some of the spending cuts. democrats are on their opening offer. they basically have not moved anywhere. there is less than a week to go. >> senator reid talking about a less than $250,000 lim
cliff deal done. rich edson has the latest. rich: they are considering legislation here in the senate today. president obama says he called to talk to congressional leaders, democrats and republicans, last evening. there is no progress here to report. president obama put it all on the house. >> they are operating without the house of representatives. it is being operated with a dictatorship of the speaker, not allowing the vast majority to get what they want. if the 250 would be brought...
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even though president obama and lawmakers are on vacation, clock is counting down to the fiscal cliff. i would take a christmas miracle to get a deal done in time. karl rove and joe trippi are here to offer take on solving the nation's gun violence. "special report" from washington starts at 6:0:00 eastern. now back to new york and "the five." ♪ ♪ >> greg: welcome back. regifting, a good idea or a bad idea? or is it a good idea? or is it a bad idea i? just said. that my dog casper is still sick after dana's mutt jasper gave him bag of dog pretzels for his birthday. he died. so i have my feeling about regifting. how about you, dana, dog kil killer? >> dana: time to confess what happened to casper. people think you have a real dog. now you killed him. regifting. i know the right answer is to say no, never regift. but i did it once in a spectacular fashion. i was late getting a gift out. i got it out. later on, a few hours later i realized that it had been engraved to me. and thanking me for giving a speech somewhere and i sent it as a gift and wrapped it. i had to call the person ah
even though president obama and lawmakers are on vacation, clock is counting down to the fiscal cliff. i would take a christmas miracle to get a deal done in time. karl rove and joe trippi are here to offer take on solving the nation's gun violence. "special report" from washington starts at 6:0:00 eastern. now back to new york and "the five." ♪ ♪ >> greg: welcome back. regifting, a good idea or a bad idea? or is it a good idea? or is it a bad idea i? just said....
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. >> kelly: we've been talk being the fiscal cliff and getting a deal, the president is coming back and the senate is coming back. the house is not. house speaker john boehner staying in ohio. he says some contact, but communication is no substitute for senate action. it's all in the senate. >> juliet: all righty. log on to our web site for our after the show show because we're going to be giving you lots of gossip and secrets that you don't hear. >> kelly: really? >> juliet: yeah. >> clayton: that's news. i'll make sure i'm there. gregg: fox news alert. millions at the mercy of mother nature this morning after a massive storms slams the northeast bringing snow, rain, high winds, icy road conditions. more than 50 flights have been canceled today following the grounding of more than 1700 the day before. coming up in minutes we'll go live to anna kooiman live in scranton, pennsylvania where folks are trying to dig out from more than a foot of snow. but first, bad weather making be delaying lawmakers plans to get back to the negotiating table in washington, d.c. good morning, i'm gregg jar
. >> kelly: we've been talk being the fiscal cliff and getting a deal, the president is coming back and the senate is coming back. the house is not. house speaker john boehner staying in ohio. he says some contact, but communication is no substitute for senate action. it's all in the senate. >> juliet: all righty. log on to our web site for our after the show show because we're going to be giving you lots of gossip and secrets that you don't hear. >> kelly: really? >>...
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looking over the fiscal cliff, last second deal is it possible? kim kardashian and kanye west expecting a baby. new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. >>> very good morning to you. nice to see you this morning. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after a blood clot stemming from the concussion she sustained. cloth was discovered during a followup exam on sunday. she's being treated with blood thinners and doctors will monitor the medication over the next two days. the 65-year-old clinton fell and suffered a concussion and fainted while home alone in december as she recovered from a stomach virus. clinton had been planning to return network this week. >>> it is crunch time on capitol hill. senate and house negotiators have a few crucial hours left to come up with a compromise to avert the looming financial mess. if they don't here's what will happen. everyone's tax rates will go up. $1.2 trillion in f
looking over the fiscal cliff, last second deal is it possible? kim kardashian and kanye west expecting a baby. new year's eve preps and the new york giants open their hearts to the families of newtown, connecticut. >>> very good morning to you. nice to see you this morning. we begin with secretary of state hillary clinton in the hospital. clinton was admitted to new york presbyterian hospital after a blood clot stemming from the concussion she sustained. cloth was discovered during a...
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the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's a real reason to change it. in terms of the politicians, i think they're pursuing their best strategy right now and that leads us toward that cliff. unless something changes in the next couple of days, most folks now believe that any fix will happen after january 1st. >> the house gop leadership put out a statement yesterday. i want to read part of it for you. it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the presid
the top headline on politico is fiscal cliff deal increasingly unlikely. i think a lot of people are feeling that pessimism right now. what are you hearing? >> well, i think what you've got here, alena, is a nash equilibrium to borrow from economic theory and game theory. each of the players believe they are pursuing their optimal strategies given the strategies of the other players and there's no reason to change it. i think as observers of this, the american public, you can say there's...
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his holiday vacation so he could deal with the looming fiscal cliff. all eyes are on that now and everyone wondering whether congress will be able to reach a deal by january 1st. if not, spending cuts and tax hikes for every american will go into effect and we're watching that story very, very closely. as i mentioned, just five days left before the new year. but wait, before they bring out the champagne and confetti on the 31st, folks in washington need to start making big decisions regarding that fiscal cliff. here's what will happen if no deal is reached. the economy could fall into a recession. that's been widely reported. the congressional budget office forecasts a drop of .5% in the real gross domestic product and a 9.1% unemployment rate by the end of next year. markets in the u.s. and around the world could take a hit. right now the dow is down almost 100 points. no santa clauz rally this year. managing director of the boston consulting group joins me from chicago. great to see you. happy holidays. let's talk about the effect on the economy. i t
his holiday vacation so he could deal with the looming fiscal cliff. all eyes are on that now and everyone wondering whether congress will be able to reach a deal by january 1st. if not, spending cuts and tax hikes for every american will go into effect and we're watching that story very, very closely. as i mentioned, just five days left before the new year. but wait, before they bring out the champagne and confetti on the 31st, folks in washington need to start making big decisions regarding...
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. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no deal he yet, but there is some finger pointing going on. >> i'm concerned about the lack of urgency here. i think we all know we're running out of time. this is far too much at stake for political gamesmanship. we need to protect the american families and businesses from this looming tax hike. everyone agrees that that option is necessary. >> i will say this, i think that the republican leader has shown absolutely good faith, but it's just that we're apart on some pretty big issues. >> and senator reid-- >> this has been a blame game from the very, very beginning and dana, we saw today president obama tak
. >> and who is going to be blamed if washington doesn't make a deal on the fiscal cliff? we are going to debate that plus, france says no to high taxes on the rich. could the united states learn something from that? we'll analyze that when we come back. ♪ need not wonder why ♪ ♪ no tim ♪ ♪ you're a heartbreaker, dream maker ♪ >> welcome back to a sunday prime time edition of "the five." and as the clock ticks down and going over the so-called fiscal cliff. no...
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jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase between 28 cents and 37 cents per hour affects more than 1 million low-income earners. thanks to laws that have lower minimum wage to keep price. and the price of stamps is set to go up? e, again, by a penny, on january 27th, which brings the price of sending first-class mail to 46 cents. >>> well, the senate has also approved a five-year extension of the foreign intelligence surveillance act allowinging the government to eavesdrop on overseas phone calls and e-mails from potential terrorists. they say it's protected us from more attacks like 9/11. others argue the bill could be abused. the bill is
jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase...
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the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off for this one. a newspaper publishing gun owners names not backing down. and what county they have now. >> dave: and put the glasses on to read. >> clayton: put them on for this part. "fox & friends" hour three starts right now. >> juliet: yes. ♪ >> here, i just looked at my twitter and it's blowing up with people yelling at me for having my tissues behind here. >> dave: etiquette, juliet in for ali. >> juliet: first of all, i have a cold. i can't reach back like this to grab my tissue box, i take a few and put them right here. everybody okay with that? everybody okay with that. >> clayton: t
the clock is ticking and there's now less than 48 hours to get a fiscal cliff deal done. so can a compromise be reached before your wallet takes a hilt. the anchor of fox news sunday, a guy who knows his biz, chris wallace weighing in this hour. >> dave: maybe wake them up over on capitol hill. good news for the bush family, former president george h.w. bush is now out of intensive to be doing much better and we'll update his condition. >> clayton: and let me pull the spectacles off...
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we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified buyers. get the silverado for 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. >>> the united states is going over the fiscal cliff. at least for a short while. the house of representatives deciding in just a little while ago it will not vote and a deal tonight. earlier, president obama sounded slightly optimistic. let's listen to this. >> they are close but they're not there yet. and one thing we can count on with respect to this congress is that if there's even one second left before you
we'll ask him why he says a fiscal cliff deal won't help the country. stand by. ♪ [ slap! ] [ male announcer ] your favorite foods fighting you? fight back fast with tums. calcium-rich tums starts working so fast you'll forget you had heartburn. ♪ tum tum tum tum tums so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments...
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ahead, more on the fiscal cliff and the dwindling hope that a deal can be reached. it's all part of our special coverage of the fiscal cliff crisis with me and ali velshi. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again. iams. keep love strong. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfacti
ahead, more on the fiscal cliff and the dwindling hope that a deal can be reached. it's all part of our special coverage of the fiscal cliff crisis with me and ali velshi. ...but he'd wait for her forever, for any reason, and would always be there with the biggest welcome home. for a love this strong, dawn only feeds him iams. compared to other leading brands, it has 50% more animal protein. ...to help keep rocky's body as strong as a love that never fades... if he ever lets her leave again....
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we can forget all that stuff, and we'll know if there's a deal on the fiscal cliff or not and what either outcome means for you and your money. we'll talk to sheila bair, former fdic chairwoman. and texas congressman lloyd daggett. so much to talk about tomorrow. i certainly hope a deal has been done. >> nice to work with you. >> are you going to go to times square? >> i'm going to run the park. 2013 starts with a run. i conned my wife into it as well. she'll join me. >> happy new year to you. >> cnn newsroom with suzanne malveaux begins now. >>> happy new year. stories we're watching now. hours by hour, inch by inch, the nation sliding closer to the fiscal cliff. we'll have more on this morning's negotiations and what we'll lose if those talks fail. and workers in some states may see a pay raise but may not notice much of a difference. >>> guns are flying off the shelves after fears of a ban on assault rifles following the sandy hook massacre. we're live at the white house with the latest details. plus this. >> reporter: i'm alina cho in times square, where just hours from now new york w
we can forget all that stuff, and we'll know if there's a deal on the fiscal cliff or not and what either outcome means for you and your money. we'll talk to sheila bair, former fdic chairwoman. and texas congressman lloyd daggett. so much to talk about tomorrow. i certainly hope a deal has been done. >> nice to work with you. >> are you going to go to times square? >> i'm going to run the park. 2013 starts with a run. i conned my wife into it as well. she'll join me. >>...
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the fiscal cliff. on saturday the president was at work here at the white house, but all eyes were up on the senate where negotiators were trading deal points and revenue figures, to try to reach an agreement all sides can stomach. the base line for the president - any bipartisan bill would have to extend unemployment insurance benefits that would affect some two million americans. and it would have to increase taxes on the highest income earners. but negotiators could still work out exactly where those tax increases would hit and whether they would halt an increase in the estate tax. now in case that deal breaks down, the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor. that bill would increase taxes for households that earn 250- thousand dollars or more. now that's a democratic proposal, and you can expect republicans would block it. so rather than thinking of that as a stop-gap measure, think of it as a political move to try to shift the respons
the fiscal cliff. on saturday the president was at work here at the white house, but all eyes were up on the senate where negotiators were trading deal points and revenue figures, to try to reach an agreement all sides can stomach. the base line for the president - any bipartisan bill would have to extend unemployment insurance benefits that would affect some two million americans. and it would have to increase taxes on the highest income earners. but negotiators could still work out exactly...
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>>> on the broadcast tonight, five days to go before the country could plunge off the fiscal cliff. the president and the senate back early from vacation, but still no deal in sight. with your money at stake, why can't they reach an agreement in washington? >>> extreme weather. more heavy snow and crippling delays from that massive storm with another one on the way. tonight, how will it impact the holiday weekend? >>> got milk? why the price of a gallon could more than double in the next few days. what's behind this huge potential increase? >>> and the lives they led. our annual look back at some of those we lost this year. "nightly news" begins now. >>> from nbc news world headquarters in new york, this is "nbc nightly news" with brian williams. >> good evening, i'm natalie morales in for brian. just how bad is the situation in washington with only five days left before we reach the fiscal cliff? in a highly unusual move, lawmakers are being called back to work during this holiday week. but if today was any indication, it doesn't appear congressional leaders are ready to play nice,
>>> on the broadcast tonight, five days to go before the country could plunge off the fiscal cliff. the president and the senate back early from vacation, but still no deal in sight. with your money at stake, why can't they reach an agreement in washington? >>> extreme weather. more heavy snow and crippling delays from that massive storm with another one on the way. tonight, how will it impact the holiday weekend? >>> got milk? why the price of a gallon could more...
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from going over the fiscal cliff. with time running out, we've learned of a major setback between republican and democratic lawmakers. we want to bring in candy crowley in washington, anchor of "the state of the union." i know you had a busy morning, talking to eight lawmakers and they couldn't agree onning they, could they? >> they couldn't. we had one panel, two republicans, two democrats from both the house and the senate. and even to get them to talk about whether something was going to pass or not, produced a sort of policy dispute on who had offered spending cuts, who hadn't offered spending cuts. you know, who should pay more in their tax rate, et cetera, et cetera. so it was a pretty good indication of why they haven't been able to get a deal so far. i have to tell you this was prior to the latest setback as it's being called. there was some optimism. saying most people will keep their tax rates, they shouldn't worry about it. what there was a difference of opinion on, was weather that would happen before the
from going over the fiscal cliff. with time running out, we've learned of a major setback between republican and democratic lawmakers. we want to bring in candy crowley in washington, anchor of "the state of the union." i know you had a busy morning, talking to eight lawmakers and they couldn't agree onning they, could they? >> they couldn't. we had one panel, two republicans, two democrats from both the house and the senate. and even to get them to talk about whether something...